ECB Bancorp (NASDAQ:ECBK) Director Maura Ellen Sullivan Buys 2,200 Shares of Stock

ECB Bancorp, Inc. (NASDAQ:ECBK) Director Maura Ellen Sullivan purchased 2,200 shares of the firm’s stock in a transaction dated Monday, February 9th. The stock was acquired at an average price of $18.50 per share, for a total transaction of $40,700.00. Following the purchase, the director owned 5,700 shares in the company, valued at approximately $105,450. The trade was a 62.86% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Maura Ellen Sullivan also recently made the following trade(s):

• On Tuesday, December 9th, Maura Ellen Sullivan bought 563 shares of ECB Bancorp stock. The shares were acquired at an average cost of $16.98 per share, with a total value of $9,559.74.
• On Monday, December 8th, Maura Ellen Sullivan purchased 2,937 shares of ECB Bancorp stock. The shares were bought at an average cost of $16.83 per share, for a total transaction of $49,429.71.

ECB Bancorp Stock Up 0.9%

Shares of NASDAQ:ECBK opened at $18.37 on Tuesday. The company has a market capitalization of $161.66 million, a PE ratio of 19.75 and a beta of 0.45. ECB Bancorp, Inc. has a 52-week low of $13.92 and a 52-week high of $18.68. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.28 and a current ratio of 1.28. The company has a fifty day moving average of $17.33 and a 200-day moving average of $16.70.

ECB Bancorp (NASDAQ:ECBK) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.31 earnings per share for the quarter. The company had revenue of $9.51 million for the quarter. ECB Bancorp had a return on equity of 4.61% and a net margin of 9.78%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ECBK. Bank of America Corp DE lifted its position in shares of ECB Bancorp by 5,104.5% during the second quarter. Bank of America Corp DE now owns 3,435 shares of the company’s stock valued at $53,000 after purchasing an additional 3,369 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of ECB Bancorp during the 2nd quarter valued at approximately $56,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of ECB Bancorp during the second quarter worth $65,000. Farther Finance Advisors LLC purchased a new stake in ECB Bancorp during the 4th quarter worth about $87,000. Finally, New York State Common Retirement Fund purchased a new stake in shares of ECB Bancorp in the second quarter worth about $103,000. Hedge funds and other institutional investors own 30.27% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings lowered ECB Bancorp from a “buy (b-)” rating to a “hold (c)” rating in a research report on Thursday, January 29th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold”.

ECB Bancorp Company Profile

ECB Bancorp, Inc operating as a holding company for Everett Co-operative Bank that provides various banking products and services. The company accepts various deposit products, including certificate of deposit accounts, IRAs, money market accounts, savings accounts, demand deposit accounts, and interest-bearing and noninterest-bearing checking accounts. It also offers one- to four-family residential real estate, commercial real estate and multifamily real estate, construction and land, commercial, and consumer loans, as well as home equity loans and lines of credit.